the Fair Trading Act, which promotes product safety.the Consumer Guarantees Act, which gives minimum standards of quality for goods and services.There are two key laws that deal with product safety: 7.1 Standards and technical regulationsĪll products sold in New Zealand must be safe. You can see all legislation on the Parliamentary Counsel Office website.įor advice on legal issues, the New Zealand Law Society provides details of local lawyers. Legal considerationsĪll legislation relating to the conduct of business and the operation of companies is enacted by New Zealand’s parliament and administered by government agencies. The New Zealand government’s business website contains information on starting, managing and growing your business. It takes just one day to incorporate a business in New Zealand. Overseas companies can operate in New Zealand as a subsidiary, branch or become a New Zealand company. You must register with the Companies Office. There are 3 commonly used business structures in New Zealand: New Zealand’s business-friendly taxation system supports: New Zealand’s small open market also makes it a sound choice for UK small and medium enterprise (SME) companies new to exporting.Ĭontact for more information on education and training opportunities. The UK’s reputation for making high-quality goods is important, where it can compete with lower priced goods sourced from other countries. Opportunities for UK businesses in New Zealand New Zealand’s top 5 imports from the UK are:ĥ. Imports of goods and services from the UK were worth over £1.1 billion in 2015. It is the fifth largest market for total exports from New Zealand and the ninth largest source market. The UK is New Zealand’s fifth largest 2-way trading partner. New Zealand is also a member of the Trans-Pacific Partnership Agreement.
#New zealand exporter free#
New Zealand has unilateral Free Trade Agreements ( FTA) with: infrastructure and housing affordability.New Zealand’s priority sectors for economic development include: professional, scientific, technical, administrative and support – 15%.rental, hiring, and real estate services – 18%.Services are the biggest sector of the economy and account for two thirds of total GDP. This is one of the strongest growth rates in the developed world.Īt October 2016, unemployment was at 4.9%. GDP registered 3.6% growth in the June 2015 to 2016 period. New Zealand has a strong, stable economy that operates on free market principles and has close economic relations with Australia. At present there are no major challenges to UK companies. If your product or service is successful in the UK, there’s a good chance you’ll be successful in New Zealand. Challenges doing business in New Zealandĭoing business in New Zealand is very similar to doing business in the UK. strong intellectual property ( IP) and regulatory systemsĢ.opposite time zones allow for 24 hour working.
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